FHA Back To Work ProgramWhat is the FHA Back to Work - Extenuating Circumstances Program?

The Federal Housing Administration (FHA) realizes that credit histories don't always reflect a person's true ability or willingness to pay on a mortgage. The FHA Back To Work - Extenuating Circumstances program can help you apply for an FHA loan and get into a home. Millions of U.S. homeowners who experienced financial difficulty under extenuating circumstances are now eligible to purchase new homes. You no longer need to wait 3 years to apply for an FHA loan after experiencing a foreclosure, short sale or deed-in-lieu. You no longer need to wait two years to apply for an FHA loan after experiencing a Chapter 7 or Chapter 13 bankruptcy. FHA has waived these waiting periods. NMWelcomeHome Real Estate Team assists clients in Albuquerque and Rio Rancho.

You May be Program Eliglble if You Have Experienced Any One of These Situations:

  • Pre-foreclosure sales
  • Short sales
  • Deed-in-lieu
  • Foreclosure
  • Chapter 7 bankruptcy
  • Chapter 13 bankruptcy
  • Loan modification
  • Forbearance agreements

I Have Experienced One Of These Situations. What Else Do I Need to Do To Qualify?

You must show that your household income declined by 20% or more for a period of at least 6 months, which was because of your situation. Next, you must demonstrate a full recovery from the event. Lastly, you must agree to complete housing counseling prior to closing.


  • you can use the program as a first-time buyer
  • you can use the program as a repeat home buyer
  • you can use the program for an FHA 203k construction loan

Want More FHA Back To Work - Extenuating Circumstances Information?

Not all mortgage companies can offer this program, but NMWelcomeHome Real Estate Team work hard for thier clients to find the best programs out there for thier clients. They want you to find a home you love. If you are interested in finding a home in Albuquerque or Rio Rancho, this team can help you!

Contact NMWelcomeHome Real Estate Team Today for More Information.

Call now for more details (505) 259-3150 or by Email. We guide you through the process from beginning to end.

Read testimonials from past clients.



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